Simmons First National Bank Buys Sedalia-based Excel Bank

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Simmons First National Bank of Pine Bluff, Ark., which bought troubled Truman Bankin September after it was seized by regulators, has acquired Sedalia, Mo.-based Excel Bank, which has a branch in Kirkwood, from the Federal Deposit Insurance Corp.

Missouri Division of Finance regulators closed Excel on Friday and appointed as receiver the FDIC, which entered into a loss-share agreement with Simmons on $126.6 million of Excel Bank’s assets. Read more on St. Louis Business Journal.

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